>So Georgism won’t help tenants directly. It would help the economy, by redirecting taxes from inefficient sources. It would help governments raise revenues and hence provide services without distorting the economy. But it would not lower rents. In fact, if it makes the area more economically viable and a better place to live, it will end up raising rents, because the demand will rise.
Georgism is about replacing labour rent with land rent, so it would help the tenants directly as they would have more money left over from their day's work.
>So Georgism won’t help tenants directly. It would help the economy, by redirecting taxes from inefficient sources. It would help governments raise revenues and hence provide services without distorting the economy. But it would not lower rents. In fact, if it makes the area more economically viable and a better place to live, it will end up raising rents, because the demand will rise.
Georgism is about replacing labour rent with land rent, so it would help the tenants directly as they would have more money left over from their day's work.